American Resource Technologies Acquires Remaining Interest in Kansas
American Resource Technologies reported the acquisition of the remaining 75% working interest in 5 wells in Montgomery County, Kansas, for a total ownership of 100% working interest. These wells were drilled in 2006 and were in production until 2008 when they were shut-in due to the decline in oil prices. These wells will be included in a rework package which involves more than 40 wells on leases in Montgomery and Chautaugua counties. Assessments are currently being made of the surface and downhole equipment in preparation for the application of new enhancement procedures.